Switzerland: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in Switzerland

In 2021, after two years of decline, there was significant growth in the Swiss synthetic latex rubber market, when its value increased by 29% to $X. In general, consumption recorded a prominent increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Synthetic Latex Rubber Exports

Exports from Switzerland

Synthetic latex rubber exports from Switzerland reduced markedly to X tons in 2021, which is down by -41.4% on the previous year's figure. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 52%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, synthetic latex rubber exports declined rapidly to $X in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 39%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of synthetic latex rubber exports from Switzerland, with a combined 79% share of total exports. These countries were followed by Finland, China, Spain and Poland, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +334.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for synthetic latex rubber exports from Switzerland, comprising 49% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+55.1% per year) and the United Arab Emirates (0.0% per year).

Export Prices by Country

The average synthetic latex rubber export price stood at $X per ton in 2021, increasing by 9.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Latex Rubber Imports

Imports into Switzerland

In 2021, after two years of decline, there was significant growth in overseas purchases of synthetic latex rubber, when their volume increased by 11% to X tons. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 55%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, synthetic latex rubber imports surged to $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 40% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Germany (X tons) was the main synthetic latex rubber supplier to Switzerland, accounting for a 95% share of total imports. It was followed by Japan (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.8% per year) and Italy (-6.6% per year).

In value terms, Germany ($X) constituted the largest supplier of synthetic latex rubber to Switzerland, comprising 93% of total imports. The second position in the ranking was taken by Japan ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.4% per year) and Italy (-5.2% per year).

Import Prices by Country

The average synthetic latex rubber import price stood at $X per ton in 2021, rising by 22% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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